Tagged: justin sun

August 10, 2023 @ 1:15 pm By JD Alois  |  

This past March, Tron, BitTorrent, Rainberry, and founder Justin Sun were the target of enforcement action by the Securities and Exchange Commission (SEC) alleging the offer and sale of unregistered “crypto-asset securities,” including Tronix (TRX) and BitTorrent (BTT). Several “celebrity” promotions were entwined in the… Read More

August 7, 2023 @ 6:50 pm By JD Alois  |  

Reports have filtered out from Hong Kong that some executives at crypto exchange Huobi have been placed under arrest. At the same time, corresponding reports indicate that Houbi has seen an outflow of funds that are valued at over $500 million. In the past 24… Read More

August 7, 2023 @ 8:56 am By Omar Faridi  |  

Digital currency exchange Huobi has reportedly seen total outflows of over $73 million during the last week, a time period in which a few of the firm’s executives were taken into police custody by authorities in China. Huobi operates one of the largest crypto exchanges… Read More

April 12, 2023 @ 11:52 am By Omar Faridi  |  

The US=based division of crypto exchange Binance recently revealed that it will be removing support for digital tokens TRON (TRX) and Spell from its virtual currency trading platform. This update has now sent the market prices of both these assets down considerably today. Binance.US‘ management… Read More

March 22, 2023 @ 4:52 pm By JD Alois  |  

Eight Influencers Charged for Promotion of Digital Assets: Lindsey Lohan, Jake Paul, DeAndrew Cortez Way (Soulja Boy), Austin Mahone, Michele Mason (Kendra Lust), Miles Parks McCollum (Lil Yachty) Shaffer Smith (Ne-Yo), Aliaune Thiam (Akon).   The Securities and Exchange Commission has posted another digital asset… Read More

January 14, 2023 @ 10:35 pm By Omar Faridi  |  

Huobi, which claims to be one of the world’s leading virtual asset exchanges, has announced a partnership with Solaris, in order “to deliver a crypto-to-fiat debit card that will enable Huobi users to spend digital assets at the point-of-sale globally.” The Visa-approved program will be… Read More

December 26, 2022 @ 8:41 am By Omar Faridi  |  

Huobi, which claims to be one of the world’s leading virtual asset exchanges, announced plans to issue the Huobi Visa Card worldwide, with the aim “to bring a more efficient fiat-to-crypto gateway for its users and promote the development of the virtual assets industry on… Read More

October 10, 2022 @ 11:17 am By JD Alois  |  

Huobi Global, the operator of one of the world’s largest crypto exchanges, has selected Justin (Yuchen) Sun to join the Huobi Global Advisory Board. Sun is the creator of TRON, a blockchain-based operating system that claims more than 110 million monthly active users. The Advisory… Read More

March 27, 2022 @ 3:30 pm By Omar Faridi  |  

As the global crypto market keeps growing, stablecoins are playing “a more indispensable role, with TRC20-USDT becoming a mainstay.” On March 23, 2022, Tether’s (USDT) official data showed that “the supply of TRC20-USDT topped 40.7B, surpassing that of ERC20-USDT (39.8B).” This is another milestone for… Read More

January 18, 2022 @ 8:41 pm By Omar Faridi  |  

Shaun Scovil, General Manager at digital assets firm Poloniex, notes that as they embark on their eighth year of operations, the team has reflected on all the great things they think they’ve accomplished so far, while “preparing for the exciting challenges and opportunities ahead.” Shaun… Read More

September 20, 2021 @ 11:40 am By Omar Faridi  |  

Digital assets firm Circle notes that at the beginning of July 2021, they had announced support for stablecoin USDC on the TRON blockchain, which is one of the largest open (or permissionless) blockchain networks. TRON aims to support a wide crypto ecosystem “popular within Asian… Read More

April 6, 2021 @ 8:19 pm By Omar Faridi  |  

TRON Foundation, which supports the ongoing development of Tron (TRX), has published a blog post in which they questionably claim that the TRX digital currency has “officially leaped” into the “deflation era,” by becoming the first deflationary virtual currency in the world. As noted by… Read More

January 6, 2021 @ 7:37 pm By Omar Faridi  |  

BitGo, a digital asset financial services provider, reports that it has successfully introduced Wrapped Bitcoin (WBTC) and ETH tokens on the TRON blockchain network, which should help with supporting the “unlimited” potential of decentralized finance (DeFi) TRON, which is notably one of the largest and… Read More

December 26, 2020 @ 2:28 pm By Omar Faridi  |  

TRON has launched a new non-fungible token or NFT standard, called TRC-721, in order to open up new “prospects for blockchain.” TRON‘s first NFT standard protocol TRC-721 was officially announced on December 24, 2020. The introduction of this standard is expected to help with implementing… Read More

December 1, 2020 @ 11:51 pm By Omar Faridi  |  

Justin Sun, the Founder of Tron (TRX), a major platform for building blockchain-based decentralized applications (dApps), has announced that TRON is planning to “adjust the incentive mechanism of the entire network with a focus on encouraging long-term holders who stake tokens for voting.” It’s worth… Read More

October 20, 2020 @ 10:25 am By JD Alois  |  

There is a bit of a Twitter fight going on between Protocol Labs CEO, Juan Benet, creator of Filecoin, and Justin Sun – the creator of TRON, and the owner of BitTorrent. Last week, Sun posed the question as to whether Filecoin (FIL) was an… Read More

August 11, 2020 @ 2:52 pm By Samantha Hurst  |  

BitTorrent, Inc., a peer-to-peer protocols and products firm, announced on Tuesday it surpassed two billion installations of its torrent client software on Windows, Mac, and Androids. Founded in 2004, BitTorrent claims to be one of the world’s leading peer-based technology companies. The company states it… Read More

April 30, 2020 @ 9:58 pm By Omar Faridi  |  

A recent analysis of the top 10,000 Ethereum (ETH) wallet addresses suggests that the world’s second-largest digital asset (by market cap and overall adoption) could potentially see its value increase significantly in the foreseeable future. This, as the blockchain network prepares to transition from proof-of-work… Read More

July 30, 2019 @ 2:56 am By Cali Haan  |  

Have coin, must influence. Justin Sun, founder of the TRON cryptocurrency network, canceled his much advertised Thursday charity lunch with Warren Buffet last week, but then made an appearance that same evening at a party held for TRON YouTube influencers in San Francisco, according to CoinDesk…. Read More

July 26, 2019 @ 2:20 am By Cali Haan  |  

Justin Sun, founder of the cryptocurrency network TRON (known as ‘Wave Field’ in China), has apologized on Chinese social media for “vulgar” and “out of control” marketing of his lunch with famous value investor Warren Buffet, Bloomberg reports. “(I) would like to express my sincere… Read More